Here is what you need to know on Monday, October 28: The Japanese Yen struggles to find demand to start the week as markets assess the outcome of the Japanese general election.
The Federal Reserve Bank of Dallas' Texas Manufacturing Business Index for October will be the only data featured in the US economic docket. Later in the American session, the US Treasury will hold 2-year and 5-year note auctions. Japanese Yen PRICE Today The table below shows the percentage change of Japanese Yen against listed major currencies today. Japanese Yen was the weakest against the British Pound. USD EUR GBP JPY CAD AUD NZD CHF USD 0.00% 0.03% 0.11% -0.02% 0.17% 0.27% 0.
EUR/USD extended its downtrend on Friday and registered losses for the fourth consecutive week. The pair trades in a tight range near 1.0800 in the European morning on Monday. GBP/USD lost its recovery momentum on Friday and ended the day marginally lower. The pair stays in a consolidation phase at around 1.2950 to begin the European session. Gold gathered bullish momentum and posted daily gains after falling below $2,720 in the European session on Friday.
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